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24095 Vance Ave - 24095 Vance Avenue 1.66 Acres of Commercial Land Offered at $1,162,340 CAD in Hazel Park, MI 48030

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Property Facts

Price	$1,162,340 CAD	Property Subtype	Commercial
Sale Type	Investment	Proposed Use	Commercial Apartment Units Apartment Units - Condo
No. Lots	1	Total Lot Size	1.66 AC
Property Type	Land	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	AR - Residential

Price	$1,162,340 CAD
Sale Type	Investment
No. Lots	1
Property Type	Land
Property Subtype	Commercial
Proposed Use	Commercial Apartment Units Apartment Units - Condo
Total Lot Size	1.66 AC
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	AR - Residential

1 Lot Available

Lot

Price	$1,162,340 CAD	Lot Size	1.66 AC
Price Per AC	$700,205.11 CAD

Price	$1,162,340 CAD
Price Per AC	$700,205.11 CAD
Lot Size	1.66 AC

Description

Great development opportunity in the city of Hazel Park next to Amazon. The property consists of approximately 1.66 acres and offers excellent potential for residential development. Previous plans were approved for the construction of 36 condominiums units consists 1300-1600 sqft with attached garage ,4 buildings, each of the building 9 units. Although the permits have expired. All the groundwork has been completed, with electric,water,sewer,gas.(A SURVEY AND PHASE 1 ENVIRONMENTAL STUDY HAVE BEEN COMPLETED)helping streamline the development process for the new owner.They are now 2 parcels.(THE ZONING HAS BEEN CHANGED TO AR ZONING,THIS ZONING ALLOWS BOTH SMALL AND LARGE APPARTMENTS,BUILDING TYPES AS DEFINED UNDER THE ZO.)The property presents a strong opportunity for builders, developers, or investors looking to create a multi-unit residential project in a growing area with convenient access to surrounding communities

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